Nifty
:
24168.00
Sensex
:
77409.98
82.30 (0.34%)
254.36 (0.33%)
Nifty
Sensex
:
:
24168.00
77409.98
82.30 (0.34%)
254.36 (0.33%)

Bharat Forge Ltd.

Forgings

Rating :
68/99

BSE: 500493 | NSE: BHARATFORG

NSE BSE
2019.90
18-Jun-2026
  • Open
  • High
  • Low
  • Previous Close
  •  2040
  •  2049.1
  •  2005.9
  •  2034.50
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  840631
  •  1701846754.2
  •  2049.1
  •  1100.5

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 96,511.75
  • 90.08
  • 2
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 1,02,396.43
  • 0.42%
  • 10.15

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 44.07%
  • 0.45%
  • 7.22%
  • FII
  • DII
  • Others
  • 14.15%
  • 29.62%
  • 4.49%

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 8.31
  • 19.00
  • 5.41

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 6.39
  • 24.88
  • 8.98

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • 3.73
  • 33.48
  • 21.22

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • 55.44
  • 64.65
  • 70.21

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 6.02
  • 6.89
  • 7.69

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • 22.62
  • 23.81
  • 25.06

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 26
Mar 25
Var%
Dec 25
Dec 24
Var%
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Net Sales
4,528.04
3,852.60
17.53%
4,342.93
3,475.54
24.96%
4,031.93
3,688.51
9.31%
3,908.75
4,106.15
-4.81%
Expenses
3,749.83
3,171.28
18.24%
3,593.03
2,851.16
26.02%
3,306.27
3,041.23
8.71%
3,235.85
3,365.19
-3.84%
EBITDA
778.21
681.33
14.22%
749.90
624.38
20.10%
725.65
647.27
12.11%
672.90
740.96
-9.19%
EBIDTM
17.19%
17.68%
17.27%
17.97%
18.00%
17.55%
17.22%
18.05%
Other Income
52.97
62.10
-14.70%
42.48
38.37
10.71%
53.51
61.65
-13.20%
49.72
51.65
-3.74%
Interest
84.40
88.00
-4.09%
76.64
95.96
-20.13%
80.09
109.81
-27.06%
82.22
123.71
-33.54%
Depreciation
255.09
223.76
14.00%
248.84
218.25
14.02%
240.89
213.35
12.91%
226.10
218.27
3.59%
PBT
392.96
426.37
-7.84%
411.19
348.54
17.97%
458.19
385.76
18.78%
414.31
298.86
38.63%
Tax
158.69
141.48
12.16%
134.42
134.22
0.15%
157.55
141.88
11.04%
127.12
124.97
1.72%
PAT
234.27
284.90
-17.77%
276.77
214.31
29.14%
300.64
243.88
23.27%
287.19
173.89
65.16%
PATM
5.17%
7.39%
6.37%
6.17%
7.46%
6.61%
7.35%
4.23%
EPS
4.86
5.90
-17.63%
5.53
4.45
24.27%
6.26
5.23
19.69%
5.93
4.36
36.01%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone
Description
TTM
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Net Sales
16,811.65
15,122.80
15,682.07
12,910.26
10,461.08
6,336.26
8,055.84
10,145.73
8,357.69
6,396.14
6,809.15
Net Sales Growth
11.17%
-3.57%
21.47%
23.41%
65.10%
-21.35%
-20.60%
21.39%
30.67%
-6.07%
 
Cost Of Goods Sold
7,589.58
6,594.33
7,379.19
5,961.36
4,215.96
2,634.16
3,576.53
4,214.34
3,281.12
2,435.78
2,568.04
Gross Profit
9,222.07
8,528.46
8,302.88
6,948.91
6,245.12
3,702.11
4,479.31
5,931.40
5,076.57
3,960.37
4,241.12
GP Margin
54.86%
56.39%
52.95%
53.82%
59.70%
58.43%
55.60%
58.46%
60.74%
61.92%
62.29%
Total Expenditure
13,884.98
12,505.71
13,124.13
11,208.15
8,493.04
5,474.52
6,945.51
8,125.00
6,640.89
5,145.10
5,401.07
Power & Fuel Cost
-
817.23
766.50
827.88
576.84
396.10
481.43
591.89
491.55
405.00
422.95
% Of Sales
-
5.40%
4.89%
6.41%
5.51%
6.25%
5.98%
5.83%
5.88%
6.33%
6.21%
Employee Cost
-
1,869.89
1,860.00
1,563.10
1,464.68
1,071.06
1,195.46
1,246.30
1,089.20
930.92
915.26
% Of Sales
-
12.36%
11.86%
12.11%
14.00%
16.90%
14.84%
12.28%
13.03%
14.55%
13.44%
Manufacturing Exp.
-
1,677.93
1,766.83
1,464.66
1,260.38
747.76
879.09
1,129.96
974.10
750.44
836.33
% Of Sales
-
11.10%
11.27%
11.34%
12.05%
11.80%
10.91%
11.14%
11.66%
11.73%
12.28%
General & Admin Exp.
-
349.01
260.00
200.39
162.76
148.39
119.89
154.03
125.16
110.31
101.55
% Of Sales
-
2.31%
1.66%
1.55%
1.56%
2.34%
1.49%
1.52%
1.50%
1.72%
1.49%
Selling & Distn. Exp.
-
496.90
473.39
635.11
445.31
179.03
261.36
305.94
209.34
161.22
202.45
% Of Sales
-
3.29%
3.02%
4.92%
4.26%
2.83%
3.24%
3.02%
2.50%
2.52%
2.97%
Miscellaneous Exp.
-
700.40
618.22
555.66
367.12
298.03
431.75
482.54
470.42
351.42
202.45
% Of Sales
-
4.63%
3.94%
4.30%
3.51%
4.70%
5.36%
4.76%
5.63%
5.49%
5.21%
EBITDA
2,926.66
2,617.09
2,557.94
1,702.11
1,968.04
861.74
1,110.33
2,020.73
1,716.80
1,251.04
1,408.08
EBITDA Margin
17.41%
17.31%
16.31%
13.18%
18.81%
13.60%
13.78%
19.92%
20.54%
19.56%
20.68%
Other Income
198.68
290.62
231.84
238.27
243.80
168.90
187.86
230.00
142.01
119.28
132.13
Interest
323.35
417.49
495.58
298.62
160.41
107.73
171.33
127.22
106.53
99.96
115.96
Depreciation
970.92
873.62
848.20
735.59
730.30
612.16
543.34
513.16
460.69
452.05
452.98
PBT
1,676.65
1,616.60
1,446.00
906.17
1,321.13
310.75
583.53
1,610.36
1,291.59
818.32
971.27
Tax
577.78
542.55
528.83
318.56
303.45
101.51
112.46
566.38
441.79
249.17
316.48
Tax Rate
34.46%
37.17%
36.89%
37.03%
21.47%
2245.80%
22.29%
35.17%
36.93%
26.32%
32.77%
PAT
1,098.87
941.15
951.13
528.37
1,081.76
-126.38
349.84
1,032.18
762.45
691.50
652.43
PAT before Minority Interest
1,089.13
913.27
910.16
508.39
1,077.06
-126.97
349.25
1,032.60
753.97
697.60
649.33
Minority Interest
-9.74
27.88
40.97
19.98
4.70
0.59
0.59
-0.42
8.48
-6.10
3.10
PAT Margin
6.54%
6.22%
6.07%
4.09%
10.34%
-1.99%
4.34%
10.17%
9.12%
10.81%
9.58%
PAT Growth
19.84%
-1.05%
80.01%
-51.16%
-
-
-66.11%
35.38%
10.26%
5.99%
 
EPS
22.98
19.69
19.89
11.05
22.63
-2.64
7.32
21.59
15.95
14.46
13.65

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Shareholder's Funds
9,253.33
7,170.18
6,705.53
6,570.67
5,415.12
5,219.74
5,376.06
4,651.71
4,116.37
3,413.22
Share Capital
95.63
93.13
93.13
93.13
93.13
93.13
93.13
93.13
46.57
46.57
Total Reserves
9,144.97
7,064.32
6,608.66
6,475.92
5,321.99
5,126.61
5,282.93
4,558.58
4,069.80
3,366.65
Non-Current Liabilities
1,974.59
2,738.54
3,216.20
2,750.86
3,123.23
2,263.30
2,063.57
1,541.76
1,508.17
2,014.22
Secured Loans
659.95
448.03
459.54
486.69
454.21
0.67
10.66
191.05
242.00
245.19
Unsecured Loans
659.42
1,410.95
1,291.73
1,300.65
1,762.96
1,874.06
1,667.86
935.18
817.07
1,392.95
Long Term Provisions
219.22
180.68
141.17
176.07
192.31
172.18
134.29
132.09
131.54
116.57
Current Liabilities
8,703.01
9,280.11
8,276.86
6,114.22
4,517.73
3,967.39
4,108.81
3,753.88
3,206.16
2,868.78
Trade Payables
2,344.21
2,262.12
2,151.34
1,631.37
1,206.84
1,030.93
1,366.44
1,326.79
846.33
837.20
Other Current Liabilities
1,854.48
1,801.93
1,633.36
1,001.86
789.34
777.67
516.72
742.14
1,025.92
654.78
Short Term Borrowings
4,270.12
5,005.14
4,353.40
3,339.44
2,362.59
2,003.63
2,094.33
1,584.82
1,262.18
1,305.22
Short Term Provisions
234.19
210.91
138.75
141.55
158.96
155.16
131.32
100.13
71.73
71.58
Total Liabilities
19,898.18
19,183.95
18,234.66
15,491.83
13,087.78
11,482.42
11,578.28
9,976.77
8,840.74
8,291.96
Net Block
6,598.75
6,309.09
6,160.62
4,869.70
4,749.68
4,001.71
3,624.31
3,499.41
3,276.78
3,133.97
Gross Block
12,367.14
11,040.21
10,267.65
8,246.20
7,675.30
6,401.68
5,551.78
4,939.06
7,232.81
6,832.52
Accumulated Depreciation
5,648.08
4,731.12
4,107.03
3,376.50
2,917.17
2,399.97
1,927.47
1,439.64
3,956.02
3,698.55
Non Current Assets
9,665.83
9,168.44
9,232.64
7,560.87
6,873.34
6,211.37
6,039.38
5,395.90
4,620.69
4,037.58
Capital Work in Progress
1,731.72
991.24
701.16
1,124.76
900.11
1,142.67
830.68
343.78
453.18
408.81
Non Current Investment
709.74
823.50
1,518.77
695.73
529.58
551.94
983.36
1,117.14
368.39
162.29
Long Term Loans & Adv.
448.69
932.48
745.24
565.32
464.40
407.58
386.44
308.93
332.44
225.38
Other Non Current Assets
148.77
111.84
106.57
305.08
229.27
107.18
214.29
126.36
189.61
106.83
Current Assets
10,232.34
10,015.51
9,002.02
7,930.96
6,214.44
5,271.05
5,538.90
4,580.87
4,218.38
4,254.38
Current Investments
1,352.96
1,025.48
1,050.06
1,908.02
2,077.18
1,066.08
540.30
384.00
823.17
723.13
Inventories
3,578.44
3,216.08
3,126.25
2,710.46
1,793.94
1,734.70
1,844.67
1,359.89
1,075.20
996.78
Sundry Debtors
2,899.61
3,167.15
3,087.46
2,162.30
1,409.58
1,493.85
2,147.84
1,937.14
1,341.07
1,401.74
Cash & Bank
1,291.38
1,689.92
1,039.52
603.02
472.86
575.11
475.46
304.06
336.08
449.29
Other Current Assets
1,109.96
361.49
312.96
300.24
460.89
401.31
530.63
595.77
642.85
683.44
Short Term Loans & Adv.
816.90
555.39
385.77
246.93
238.57
260.23
332.59
293.04
224.14
283.77
Net Current Assets
1,529.34
735.40
725.16
1,816.74
1,696.71
1,303.66
1,430.09
826.99
1,012.21
1,385.60
Total Assets
19,898.17
19,183.95
18,234.66
15,491.83
13,087.78
11,482.42
11,578.28
9,976.77
8,839.07
8,291.96

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Cash From Operating Activity
1,796.34
1,664.39
1,294.47
505.85
1,020.02
1,521.95
911.47
967.36
1,051.67
1,355.78
PBT
1,459.53
1,433.68
860.38
1,413.53
4.52
504.61
1,610.36
1,196.14
946.79
965.80
Adjustment
1,287.55
1,172.83
887.66
671.70
725.24
789.68
526.02
561.64
399.18
496.89
Changes in Working Capital
-345.74
-423.60
-36.34
-1,226.86
383.66
460.74
-674.66
-397.87
-21.43
197.51
Cash after chg. in Working capital
2,401.35
2,182.91
1,711.70
858.38
1,113.42
1,755.04
1,461.71
1,359.91
1,324.55
1,660.20
Interest Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Tax Paid
-605.01
-518.51
-417.23
-352.53
-93.40
-233.09
-550.25
-392.55
-272.87
-304.43
Other Direct Exp. Paid
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Extra & Other Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Cash From Investing Activity
-1,964.33
-666.75
-1,671.33
-690.05
-1,511.06
-1,132.24
-1,175.09
-814.16
-684.38
-926.82
Net Fixed Assets
-843.15
-425.50
-417.07
-143.23
-233.99
-692.38
-853.79
1,850.50
-406.74
-870.53
Net Investments
-1,579.74
-186.00
-379.56
-330.50
-1,216.44
-160.70
-131.38
-288.66
-350.90
-317.22
Others
458.56
-55.25
-874.70
-216.32
-60.63
-279.16
-189.92
-2,376.00
73.26
260.93
Cash from Financing Activity
-569.70
-202.69
280.27
310.17
578.29
-381.42
367.65
-314.42
-400.66
-448.33
Net Cash Inflow / Outflow
-737.69
794.96
-96.60
125.96
87.26
8.29
104.03
-161.22
-33.37
-19.38
Opening Cash & Equivalents
1,315.31
508.71
558.42
447.31
312.62
286.21
202.98
272.31
357.90
338.82
Closing Cash & Equivalent
621.03
1,315.31
508.71
558.42
447.31
312.62
286.21
202.98
324.53
357.90

Financial Ratios

Consolidated /

Standalone
Description
Mar 25
Mar 24
Mar 23
Mar 22
Mar 21
Mar 20
Mar 19
Mar 18
Mar 17
Mar 16
Book Value (Rs.)
193.28
153.73
143.94
141.09
116.31
112.11
115.47
99.91
88.41
73.31
ROA
4.67%
4.86%
3.01%
7.54%
-0.79%
3.40%
9.69%
8.02%
7.71%
7.86%
ROE
11.14%
13.13%
7.66%
17.97%
-1.82%
7.40%
20.82%
17.21%
17.53%
18.94%
ROCE
12.43%
13.75%
8.75%
13.61%
1.12%
7.13%
20.07%
17.20%
14.92%
16.93%
Fixed Asset Turnover
1.31
1.48
1.40
1.32
0.90
1.35
1.93
1.38
0.94
1.12
Receivable days
72.43
72.16
74.01
61.85
83.63
82.50
73.48
71.10
75.86
58.78
Inventory Days
81.12
73.17
82.29
78.00
101.63
81.09
57.64
52.81
57.31
52.93
Payable days
127.48
109.15
115.80
122.86
155.04
63.24
59.42
60.28
59.51
63.12
Cash Conversion Cycle
26.07
36.19
40.50
17.00
30.22
100.34
71.70
63.64
73.66
48.59
Total Debt/Equity
0.68
1.04
1.01
0.86
0.92
0.83
0.75
0.70
0.76
0.99
Interest Cover
4.49
3.90
3.77
9.61
1.04
3.95
13.66
12.23
10.47
9.33

Annual Reports:

FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
FY 2019
FY 2018
FY 2017
FY 2016

News Update:


  • Bharat Forge’s arm signs strategic partnership with AM General
    18th Jun 2026, 17:40 PM

    Leveraging this strategic partnership, AM General has also offered a proposal to participate in the U.S Army MTC program

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    17th Jun 2026, 12:42 PM

    Kalyani Strategic Systems, along with Paramount, has unveiled Simha 4x4 - a next-generation Light Armoured Multi-Purpose Vehicle

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  • Bharat Forge’s arm introduces MArG series of Mounted Artillery Guns
    15th Jun 2026, 15:09 PM

    The MArG series delivers a highly mobile, rapidly deployable and cost-optimised firepower solution for modern land forces

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  • Bharat Forge signs MoU with Government of Andhra Pradesh
    19th May 2026, 14:10 PM

    MoU aims to establish India's first private-sector Marine Gas Turbine Repair, Overhaul and indigenous Development complex at Visakhapatnam

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  • Bharat Forge’s arm starts construction of strategic defence facility in Andhra Pradesh
    15th May 2026, 18:00 PM

    Spread across more than 1,000 acres, the integrated campus will be developed with a planned investment of Rs 1,500 crore over the next 2-4 years

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  • Bharat Forge inks long-term pact with Embraer
    11th May 2026, 17:55 PM

    The company will supply high-integrity forged components for landing gear systems across Embraer’s commercial and defence aircraft programs

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  • Bharat Forge completes acquisition of 30% stake in FEPL
    9th May 2026, 12:36 PM

    Consequent to the above, FEPL has now become the Associate Company of Bharat Forge

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  • Bharat Forge - Quarterly Results
    8th May 2026, 00:00 AM

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  • Bharat Forge reports 18% fall in Q4FY26 consolidated net profit
    7th May 2026, 16:15 PM

    Consolidated total income of the company increased by 17.02% at Rs 4,581.01 crore for Q4FY26

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  • Bharat Forge flags off Advanced Armoured Platforms ‘Vikram VT 21’
    27th Apr 2026, 12:09 PM

    The Vikram VT 21 project constitutes development of two platforms co-created by the company, VRDE (DRDO), Tata Advanced TASL, and supported by several MSMEs

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  • Bharat Forge makes investment in Bharat Forge Global Holding GmbH
    12th Mar 2026, 10:38 AM

    The Company will continue to hold 100% of Equity Capital of BFGH

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  • Bharat Forge inaugurates landing gear components machining facility in Pune
    11th Mar 2026, 14:17 PM

    This step positions Bharat Forge among the first companies in India, and one of the first at scale - to operate OEM-approved landing gear components machining capabilities

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